My Trade of the month will be EURusd. I have done my calculations and have come to the conclusion that. it will go south for the rest of the month. But i will wait for it to break price level 1.38060. Because right now the price is retracing in 4hr T.M. So am going to be waiting,. now let's look at the Daily chart for you to see what am talking about.
You will see that when it tried to break the 23.6 fib level, it couldn't and had to come back. I think the price will get to 1.35315. So if its going to reverse it will get to that price level. But please wait for the price to break 1.38060.
Let's see what is happening in 4HR T.F to appreciate what am talking about. Read the chart below and take a decision on where to go. You can see its already reversing at a very strong trend line support level. But remember nothing is cast in stone. In case it reverses take profit at 1.35400.
See you at Top
No comments:
Post a Comment